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Sunday, 9 September 2012 - Thousands of Greeks protest against new round of austerity cuts |
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Simpson attorney tampered with glove | 11:49am EDT Obama takes slim post-convention lead over Romney: Reuters/Ipsos poll 07 Sep 2012 Chicago braces for first teacher strike in a generation 07 Sep 2012 Obama widens lead over Romney despite jobs data: Reuters/Ipsos poll 5:09pm EDT Half of women may have sleep apnea: study 07 Sep 2012 Discussed 84 Democrats attack Romney, defend Obama at convention 83 Chicago braces for first teacher strike in a generation 82 Obama to offer Americans a more realistic message Sponsored Links Thousands of Greeks protest against new round of austerity cuts Tweet Share this Email Print Related News Greece may pass new troika test but bailout seen on the rocks Fri, Sep 7 2012 Greek tax man targets business, Chili Peppers concert Thu, Sep 6 2012 Greek PM sings in tune, now must hit the hard notes Mon, Sep 3 2012 Europe drawn back to its first problem: Greece Mon, Aug 27 2012 Immigrants march in Greece against racist attacks Sat, Aug 25 2012 Related Topics World » Greece » 1 of 6. Protesters from the communist-affiliated trade union PAME shout slogans during a rally in the city of Thessaloniki in northern Greece September 8, 2012. Credit: Reuters/John Kolesidis By John Kolesidis and Vassilis Triandafyllou THESSALONIKI, Greece | Sat Sep 8, 2012 4:17pm EDT THESSALONIKI, Greece (Reuters) - Thousands of Greeks marched at an annual fair in Greece's second-biggest city on Saturday to protest against a new round of wage and pension cuts demanded by international lenders in exchange for aid to stave off bankruptcy. The demonstration by about 15,000 trade unionists and leftists was the first major protest against a nearly 12-billion-euro austerity package being readied by Prime Minister Antonis Samaras to appease EU and IMF inspectors who arrived in Athens on Friday to review Greece's reform progress. A few protesters burned European Union flags while others threw watermelons and peaches in support of struggling farmers, but the largely peaceful protests otherwise passed off without incident as 3,500 policemen looked on. Greece is struggling through its worst post-war economic crisis that has left nearly one in four jobless, pushed up poverty levels and shuttered thousands of businesses. In a break with tradition, Samaras made only a brief appearance to inaugurate the event and to defend the planned cuts instead of making the customary annual economic policy speech delivered by his predecessors. "We are trying to minimize the pain from the cuts as much as possible but we have to make the cuts, because there is no other way," Samaras told politicians and local officials. "I am telling you the truth, there is no other way." Opposition leader Alexis Tsipras, head of the radical leftist SYRIZA party that opposes Greece's foreign bailout, criticized Samaras for the unusually low-key appearance at the event. "The prime minister came and left like a thief - perhaps he is ashamed," said Tsipras, who took part in the rallies. Samaras opposed Greece's first bailout in 2010 but since taking power in June he has promised to push through another round of belt-tightening that a fatigued Greek public feels it cannot take anymore. Samaras and Finance Minister Yannis Stournaras, a respected economist, have won cautious praise from European counterparts for refusing to back down on the cuts but face growing hostility at home as Greece's economic slump deepens. The government, which is hoping to win two more years to implement the cuts - which are slated for 2013 and 2014 - says Greece's economy will contract by more than 7 percent this year. A string of protests are expected in the coming days as the so-called troika of EU, International Monetary Fund and European Central Bank officials conclude a review that will determine whether Greece gets the next tranche of aid under its latest bailout and avoids a messy default. (Writing by Deepa Babington; Editing by Andrew Osborn) World Greece Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. 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Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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